Each passing year has gradually seen Bitcoin rise in prominence since first being launched in January 2009. Initially popular with coders who would earn Bitcoin for carrying out tasks, it then became used as a new currency. However, its use of cryptology principles for security led to it being dubbed a cryptocurrency.

Growth Ahead

Although it is not yet widely popular in the mainstream, many online vendors now accept Bitcoin. In the coming years, it is expected that more and more European online casinos will integrate it among their payment methods – much like they already have Neteller and PayPal.

Bitcoin Wallets

European players who wish to use Bitcoin have to choose a suitable wallet (for example: Bitcoin Core or BitGo). By acquiring, a wallet it will then be possible to purchase Bitcoin with the accepted currency of your choice. You can then seek out a Bitcoin casino that is set up to accept your cryptocurrency.

Speedy Transactions

Compared to mainstream banking, players from the EU can find Bitcoin can be even quicker than more familiar payment methods. For instance, a Bitcoin transaction can be confirmed instantly if the merchant agrees to take on the risk. Speed is certainly one of the core advantages of paying with Bitcoin.

Secure Design

Bitcoin casinos are also more secure than when you pay by credit card. After combining your public key and security key, you perform a mathematical function for verification. This is safer compared to credit cards, for which all of your information is easily available online if a site’s security is not up to standard.